The Mexican Peso depreciated in early trading during the North American session as the US Dollar climbed some 0.25%, based on the US Dollar Index (DXY).
Mexican Peso weakens in early North American trading as US Dollar gains strength. Mexican data is mixed though the economy finished 2023 on a higher note. Central bank divergence between Fed and Banxico could bolster USD/MXN pair. The Mexican Peso depreciated in early trading during the North American session as the US Dollar climbed some 0.25%, based on the US Dollar Index .
80 The USD/MXN has shifted to a neutral bias as buyers stepped in and lifted the exchange rate above the January 8 swing low of 16.78. After breaching that level, the pair clocked a new two-week high of 16.94, though buyers are taking a breather before launching an assault toward 17.00. Once that hurdle is overcome, the next resistance would be the 50-day Simple Moving Average at 17.02, followed by the 100-day SMA at 17.16 and the 200-day SMA at 17.21.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Mexican Peso weakens amid Mexico’s holiday ahead of FOMC and Banxico decisionsThe Mexican Peso (MXN) depreciates sharply against the US Dollar (USD) on Monday as Mexico’s markets remain closed in the observance of Benito Juarez’s birth, a former President of Mexico.
Lire la suite »
Mexican Peso trades flat against US Dollar as Wall Street closesThe Mexican Peso posts minimal losses against the US Dollar on Monday amid a risk-off impulse ahead of the release of the latest inflation report in the United States.
Lire la suite »
Mexican Peso hits new YTD high against US Dollar amid Banxico rate cut speculationThe Mexican Peso registered a new year-to-date (YTD) high against the US Dollar on Wednesday amid a scarce economic schedule in the United States (US).
Lire la suite »
Dollar Tree to Close 370 Family Dollar Locations and 30 Dollar Tree StoresDollar Tree, the discount variety store chain, plans to close 370 Family Dollar locations and 30 Dollar Tree stores due to difficulties in maintaining the value of both brands. The company aims to improve profitability and unlock value at Family Dollar.
Lire la suite »
US Dollar sees mild gains ahead of FOMC meetingThe US Dollar Index (DXY) trades at 103.55 on Monday, reflecting minor gains.
Lire la suite »
Forex Today: The Dollar remains bid as FOMC event loomsThe US Dollar started the week in a positive fashion on the back of further upside in US yields and shrinking bets on an interest rate cut at the June event.
Lire la suite »